His Majesty's Government
Ministry of Finance
Privatization Cell

Notice

on

The Selling of Assets of Birgunj Sugar Factory (BSF)

First Date of Publication
(11 March 2005)

His Majesty's Government of Nepal (HMG/N) calls proposal from the interested buyer/ investor to buy Birgunj Sugar Factory, Distillery Plant, Machinery and other current assets along with 26.10 Bighas of Land occupied by the factory based on the following procedures:

1. The BSF Information Memorandum and Bid Documents shall be made available for the potential bidders after fulfilling the following condition:
   
   Submit a non-refundable bank voucher worth Rs. 10,000/ (Rs. ten thousands only) for national bidders and US$ 150.00 (US$ one hundred fifty only) for international bidders. The amount should be deposited in Account No. Sa. A. 131855/057 of Privatization Cell, MoF at Nepal Rastra Bank Thapathali, Kathmandu, Nepal.
   
   
2. The proposals should be submitted within 45 days of the publication of the first notice. The proposal will be opened in the presence of representatives of the bidder at 2:00 p.m. on the day immediately after the last date of submission. Non presence of representatives will not cause delay in opening the proposal of the stipulated time. If the stipulated day for opening the proposal happens to be public holiday it will be opened on next day the office opens.
   
   
3. The Bid Bond of worth Rs. 25,00,000/ (Rs. two million five hundred thousands) valid at least for 6 months should be attached with the proposal.
   
   
4. Four copies each of the financial proposal including all related documents shall be submitted to Privatization Cell, Ministry of Finance, Singhadurbar, Kathmandu. At least one set of each document submitted, shall be clearly marked by "ORIGINAL." And sealed envelope clearly marked as "The Financial Proposal of BSF". The envelope must contain the name, address, telephone number, fax number and e-mail address of the bidder/ representative or contact person. All the documents attached with the proposal will be the property of HMG/N.
   
   
5. The investor will be given two years facility of deferred payment up to 30 % (percent) of purchase consideration.
   
   
6. All liabilities of the factory against the employees and other whatsoever prior to the privatization will be borne by HMG/N.
   
   
7. Proposal received after given date and time shall not be entertained
   
   
8. Details regarding the offer is included in the Information Memorandum and Bid Documents. The interested bidders can contact the following address for additional information about the offer.

His Majesty's Government
Ministry of Finance
Privatization Cell
Singh Durbar, Kathmandu, Nepal
Phone No. : 4259993,4211320, 42113743
Fax No: 4259891
Email: pvtn@mof.gov.np